Across
- 4. What is a loss of efficiency due to taxation?
- 6. What term refers to unrestricted trade between nations?
- 9. What is the act of buying goods from other countries?
- 12. What is the allocation of resources to maximize total surplus?
- 13. What measures the benefit buyers receive?
- 14. What is the revenue collected by the government called?
- 15. What is the act of selling goods to other countries?
Down
- 1. What type of curve represents the relationship between tax size and revenue?
- 2. What is the term for resources wasted in tax avoidance?
- 3. What happens when taxes distort market outcomes?
- 5. What is a tax on imports called?
- 7. What is the benefit sellers receive for selling?
- 8. What is the total surplus in a market called?
- 10. What is the term for limits on the quantity of imports?
- 11. What is the amount a buyer is willing to pay minus the price